Future General Activity, Perceptions of Respondents for the Region; Diffusion Index for Federal Reserve District 3: Philadelphia (GARFBNDIF066MNFRBPHI)

Source: Federal Reserve Bank of Philadelphia  

Release: Nonmanufacturing Business Outlook Survey  

Units:  Index, Not Seasonally Adjusted

Frequency:  Monthly

Future General Activity, Perceptions of Respondents for the Region forecasts the change in general business activity for of the region based on perceptions of respondents over the next six months for reporting service firms. The General Business Activity is the broadest measure of the Nonmanufacturing Business Outlook Survey. The diffusion index is calculated by taking the percent reporting increases and subtracting the percentage reporting decreases. For more information about this release from the Federal Reserve Bank of Philadelphia, visit: http://www.philadelphiafed.org/research-and-data/regional-economy/nonmanufacturing-business-outlook-survey/ .